Tesla offers $1,000 credit to Model S buyers

July 30, 2015 2:19 AM

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Tesla Motors Inc. says that word of mouth sells its pricey cars. Now it wants to attract more buyers with a discount.

Chief Executive Elon Musk announced Wednesday that the Palo Alto electric-car maker will give credits of $1,000 to Model S buyers who have been referred by Tesla owners. Those owners will get their own $1,000 credits in the program, set to last until the end of October.